Synta Pharmaceuticals soars on heavy volume

|By:, SA News Editor

Synta Pharmaceuticals (SNTA +15.6%) posts double-digit gains in morning trading.

More than 2.3M shares have already traded hands versus a 10-day average of 1.8M.

The company closed a 16.1M share public offering (including 2.1M shares to underwriters) at $3.75/share for gross proceeds of $60.4M. (PR)